Oil Clog
Airfares will go up by up to US$ 10 per sector from Wednesday, as carriers try to cover rising fuel costs. Fuel prices since January have shot up from 86 US …
Shipping and Transport
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Cargo Business
SriLankan Cargo, the cargo arm of SriLankan Airlines, has handled the largest volume of transhipment cargo in January 2003 since July 2001.The volume of …
Oil Shock
SriLankan Airlines has sought Civil Aviation Authority approval to raise outbound airfares by US$ 5 per sector.The airline has sought the increase, as fuel …
Cost Cutting
SriLankan Airlines expects to sharply cut its losses during the current financial year but said the group will be in the black.The national carrier said it …
Profit Warning
SriLankan Airlines, on Friday made a profit warning for the current financial year, but said group profits will remain steady as the previous year.rnAs a …
Reverse Gear
Sri Lankas 13 bus companies may continue under state control for longer, as attempts to bring in private management steers off course. Industry watchers say …
Revving Up
A newly set up Indo-Sri Lanka joint venture, plans to lure ladies to hop on and popularise motorbikes in Sri Lanka.United Motors Lanka Ltd (UML) on Tuesday …
Road Barons
UML will pump around Rs.100 mn into the joint venture, with plans to expand the motorbike marketing venture into local assembly under a second stage, United …
Great Expectations
Dubai based Emirates Airlines on Thursday unveiled massive new expansion plans to add new aircrafts and extra routes.This year it will add a record 11 new …
Flat Tyre
Selling the remaining seven bus company faced another breakdown, the deadline for applications pushed back once again.Meanwhile, the Public Enterprises Reform …
Runaway Runway
The government is reconsidering its plans to build a second runway at the Katunayake international airport.The proposal ran into trouble due to heavy protests …
Holiday Travel
Three firms including Singapore based SBS Transit has shown interest to buy up a stake in the remaining seven state bus companies. The deadline to submit …
Air Lock
Talks that started last year with US based Lockheed Martin for Air Traffic management, could bear fruit with an MOU to be signed shortly with the Board of …
Crisscrossing Lanka
A network of highways is on the cards connecting Jaffna, Anuradhapura and Matara and with the commercial capital Colombo.The contract signing for the first of …
Cruising South
The first phase of the Colombo-Matara Highway kicked off today with the contract handed over to Japanese based construction company, Kumagai-Gumi.The first …
Next Halt
The last day to submit expressions of interest for the 39 percent stake in the remaining seven bus companies have been put off till January 10, 2003. The …
Kandy Link
Bids to construct the Colombo Kandy expressway closed Monday, with thirteen parties expressing interest for the project.Early December, the Board of Investment …
Staying Afloat
The Colombo South Harbour project will set sail in January 2003 when consultants to draw detailed engineering plans are appointed. Sri Lanka Ports Authority …
Next Halt
The government is offering state guarantees to raise funds for working capital and investments, subject to preset conditions as an added incentive to bidders …
Close Watch
Colombo Dockyard appointed safety supervisors to improve working conditions in its docks. The company, which is seeking new opportunities in boat building and …